Section 8

Forfeiture of newspaper and publication containing prize chit or money circulation scheme.

The Prize Chits and Money Circulation Schemes (Banning) Act, 1978

  • Act 43 of 1978
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to ban the promotion or conduct of prize chits and money circulation schemes and for matters connected therewith or incidental thereto.

All sections
    Where any newspaper or other publication contains any material connected with any prize chit or money circulation scheme promoted or conducted in contravention of the provisions of his Act or any advertisement in relation thereto, the State Government may, by notification in the Official Gazette, declare every copy of the newspaper and every copy of the publication containing such material or the advertisement to be forfeited to the State Government.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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